# Post Market Wrap Up Nov 17 | Woodall Grain Company

> Wheat futures rallied after private analyst Informa cut its 2017 US winter wheat planting estimate to 33.76m acres from 35.42m. Speculators held a near-record short position, which triggered short-covering. The USDA had also trimmed its 2016-17 soybean crush estimate, and soymeal exports were running ahead of expectations.

- Date: 2016-11-17 · published 2016-11-17T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/11920-post-market-wrap-up-nov-17-woodall-grain-company
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower expected US winter wheat plantings support new-crop wheat prices. Stronger soymeal exports and crush demand support soybean and soymeal prices, which tightens feed protein supply.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-02-09 | [Post Market Wrap up February 9 \| Woodall Grain Company](https://feedsoft.ai/events/72447-post-market-wrap-up-february-9-woodall-grain-company.md) | +0.1% | -1.0% |
| WHEAT | 2018-11-12 | [Grain market review: Wheat \| 2018-11-12  \| World Grain](https://feedsoft.ai/events/62073-grain-market-review-wheat-2018-11-12-world-grain.md) | -0.2% | +0.8% |
| WHEAT | 2022-04-04 | [Spiking grain costs challenge poultry markets: Rabobank](https://feedsoft.ai/events/42009-spiking-grain-costs-challenge-poultry-markets-rabobank.md) | -7.3% | -4.2% |
| WHEAT | 2023-12-14 | [Market update week 49 - VV COM](https://feedsoft.ai/events/32668-market-update-week-49-vv-com.md) | +2.2% | +3.5% |
| WHEAT | 2020-10-01 | [Daily Market Wire 1 October 2020 - Grain Central](https://feedsoft.ai/events/50597-daily-market-wire-1-october-2020-grain-central.md) | +2.1% | +3.5% |
| SOY | 2020-10-13 | [Grain market update \| Saxo](https://feedsoft.ai/events/11789-grain-market-update-saxo.md) | +2.0% | +6.9% |
| SOY | 2025-03-11 | [Daily Market Wire 12 March 2025 - Grain Central](https://feedsoft.ai/events/25517-daily-market-wire-12-march-2025-grain-central.md) | +1.6% | -1.7% |
| SOY | 2016-11-10 | [Market Perspectives November 10, 2016 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/12242-market-perspectives-november-10-2016-u-s-grains-and-bioproducts-council.md) | +0.8% | +5.7% |

## Sources

- woodallgrain.com: https://woodallgrain.com/post-market-wrap-up-nov-17/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.